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20121201
20121231
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and a hat for 38 bucks. >> add a cup of coffee and a hot dog. >> while we use the word trousers, bob pisani is here watching what's good morning, bob. >> happy monday, everybody. did you notice the market. nice rally here. again, the market is demonstrated that it believes a deal on the fiscal cliff is coming. i know. i didn't hear it over the weekend. headline risk was all anybody wanted to talk about on friday. if anybody says that a deal is not happening or it's going nowhere, we could wake up down 15 points on the s&p on monday. guess what? boehner said the deal is going nowhere. now, when i call the bulls on this, they say, bob, they didn't say a deal was off. they just said so far the negotiations are going nowhere. the market still believes that a deal is coming and it's going to be a substantive deal. instead and by the way, geithner insisted on tax rates issues. looks like there may be something happening eventually. we didn't fall apart on the whole thing. even futures weren't down overnight. instead we rally on a little bit overnight on the greek deal and for those that don't kno
done by the crc. >> so, bob, you say critics like aaa want to kill e-15 because of ethanol? what is your argument? why would they want to kill e-15? >> well, look, there's no evidence to suggest that there are any problems associated with e-15. e-15 has been the most tested fuel in the history of the environmental protection agency. in fact, there were 86 cars tested over three years. the miles driven by those cars are the equivalent of six round trips to the moon. you could not have tested e-15 any more. and the only problems that were found is a couple of deer were killed on the test track. >> okay. let me ask you this, according to aaa -- bob, i want you to tell you whether you believe this to be true or not. according to aa, bmw, chrysler, toyota, nissan do not cover damage under warranty. hyundai, kia, volvo have said e-15 might void their warranties. do you dispute that? >> ford and general motors have warrantied e-15 for 2013 vehicles and on, which is the first year they were able to provide warranty coverage because prior to that the epa did not allow e-15 be sold. prior
, bob, it's a fantasy. all of this goldilocks stuff is a fantasy. you cannot get strong growth with rising taxes and lower spending. that's not going to happen. you cannot have unlimited stimulus that is not going to cause inflation. that's just a fantasy. so there's a real fight going on. none the less, have you noticed, gold being sold, buying the euro, it seems a weird trade going on here affecting the markets. this was going on yesterday as well. this may have to do with the yen. the yen is hitting new lows against the dollar. it's hitting new lows against the euro. have you seen what's going on with the japanese elections? the new prime minister told the bank of japan we want more stimulus. guess who's meeting thursday? the bank of japan. japan's exports fall for the sixth straight month. you are going to see the bank of japan on thursday announce new stimulus measures. you're going to see efforts to weaken the yen. it's going to get even weaker. that is the old yen carry trade. that may be where some of this money is coming from to do the odd little trades that seem to be
. in 30 minutes, senator bob corker and kent conrad. and at 9:00 eastern, representative scott garrett and sander levin. remember "squawk on the street." >> that's right. "squawk on the street" we have a lot to come, as well. the two senators we're talking with next, two members of the gang of eight now. we'll talk to them. guys we'll send it back to you right now. >> great. thanks, guys. appreciate that. we are now, though, going to flip it over to phil lebeau who is in new york and he's got breaking news. >> as expected we knew that delta was in negotiations to buy 49% stake in virgin atlantic. the deal has been completed. the price is $360 million for that delta will increase its access to heathrow. that's really the key here. 31 daily nonstop flights. that's all part of what goes between the uk and north america for virgin atlantic. the brand remains, guys. make that clear here. the virgin atlantic brand does not go away. what changes is that delta has a 49% stake in the company. there's going to be a press conference later this morning here in new york. we're going to be talking w
. next up on california. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. introducing chase liquid. card hassles? the reloadable card that's easy to activate and can be used right away. plus, you can load cash or checks at any chase depositfriendly atm and checks right from your smartphone. get rid of prepaid problems. get chase liquid. >>> california's renewable energy mandate actually requires more investment in fossil fuels. that makes everything more redundant and expensive. it's all propelling more people out of california. they're going to nevada, arizona, texas. they're going everywhere except cal. here's michael reagan, political consultant and author of the new reagan revolution. thanks for coming back on. it doesn't have to be this way. this is the most screwed up state in the country. >> and then t
toss it to bob. bank of america continues its tear up 1.75% new 52-week high in today's session of 1064. on our radar this morning. let's send it over to bob with more on what's moving. >> happy friday. what a week. futures popped ten points on the jobs report even though october was revised downward rather notably. a good open. materials, techs, financials leading the way. i wish i could be more optimistic on the fiscal cliff. a gloomy commentary this morning. expectations are getting narrow. grand bargains are out and the idea of maybe the fallback position is pass a simple tax bill like the one the senate had. the simple bill here. you have tax cuts for middle class but not for people over 250,000. you have dividends and capital gains going to 23.8%. that's the senate bill. and that's it. you leave out estate tax and leave out payroll tax cut and unemployment extension and you leave that out. no delay in the sequestration. this is pretty thin gruel. this is what's tossed about and talked about today overall. is that enough to satisfy the markets? remember, the two requirements, got t
morning, bob costas admits he made a mistake addressing gun control during half time show of the sunday night football game. he says he should have done it when he had more time to flesh out his point of view. well, we'll be discussing that one. president obama says a deal will not happen without higher tax rates on the rich. kirsten powers, who i think has shifted to the right just a little recently, kirsten powers will be with us and defend the president's position. the city of huron, south dakota wants to ban eating while driving. all rise, the judge will have something to say about that. what can you legislate. what can you regulate in terms of behavior when you're driving. no eating? we want to hear from you e-mail us at varney@foxbusiness.com. and seven early movies.tibco so and pandora, bad news, down it goes. citi cutting 11,000 jobs and going to save a billion bucks a year. up a buck 30 on that one. seismic equipment supplier named mitchum, posted what's described as a surprise loss. down 17%. and a defense contractor, posted higher profits. better than expected. maker of tommy
though some republicans seem to be budging. that is 5:00 p.m. eastern here on fox business. lori: bob corker. i can see in the fluffy slippers. melissa: what did bob corker have to do that? lori: he is the one that suggested that the republicans should accept wealthy tax increases and move on to entitlements. one big money strategist says don't give up on different den stocks quite yet. halfer ford chief investment officer hank smith joins tracy and ashley next on. don't miss it >> we have three weeks of gains and kicking off this week with up arrows. not too far the unchanged line. that seems to be the trend. we're moving higher, slowly but surely. let's take a look at names very key here. watch, first go across the board. the best of the bunch. tech is beaten down lately. now it is coming back. up one quarter of 1%. look at mcdonald's. out with same-store sales for the month of november. much better than, they beat the street for november. october was a terrible month for mcdonald's globally. it was their first month of same store sales they saw a decline in nine years. everybody wa
for your comments. rick said we are not amused with bob costas comments on the murder suicide. is everyone who doesn't agree with you a left-wing radical? no. another common is that the media has been talking about the nfl murder suicide. now we are talking about limited citizens gun rights. when we talk about the drugs that were taken by the nfl player? thank you for being with us tonight can i help you? i heard you guys can ship ground for less than thups store. that's right. i've learned the only way to get a holiday deal is to camp out. you ow we've been open all night. is this a trick to get my spot? [ male announcer r ] break from the holiday stress. save on ground shipping at fedex office.
report, seasonaled justments will be a huge factor relative to sandy. >> bob and michelle are here. and my biggest question, if all the companies are pulling the give dends forward, the u.s. government thinks it will be taking in x amount based on what they would normally get for dividends plus whatever the hirer rate is going to be. it will drop substantially, correct? >> you'll get leads and lags in the revenues. a lead into this year, a lag next year. pretty obvious how this works. in terms of tax planning, let hope they know to take account of this. the argument will argue how great this is working and when there's a shortfall, how did that happen. so i hope we don't go that route. but this administration has been very big on these kinds of things, basically distorting what's going on and this current thing about the mandate really bothers me. so i woouldn't -- >> i think the challenge is being forward looking. there's big challenges not just because the challenge in terms of getting all the information, but also if win terms of trying make the budget numbers look good and you
bob corker was on our air earlier today and he laid out sort of what the political challenges here for republicans. take a listen. >> it sure seems to me that we're negotiating about something that makes it appear that all we are trying to do is protect the rich. er with not at all focused on entitlement changes which is the only thing that will save our country. >> so when the speaker now briefs his republican leadership colleagues about whatever was in that meeting yesterday, the trick for him is going to be to present it in a way that he gets there and continues to have support. there is mumbling and grumbling about a particular challenge to speaker boehner about republican colleagues early in the new year. that is something the speaker would like to avoid. he has it find a way to get a deal and keep his job at the same time. all of that is tricky can be tyler. >> thank you very much. let's go to the exclusive patented trade mark cliff-o-meter. are we closer to a deal? no deal. we call it right now, right in the middle. that is closer to a deal than it was late last week. basica
Search Results 0 to 10 of about 11

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